SEC Charges Under Armor, Who Agrees to Settlement


Published on May 4, 2021

Under Armour Inc. was charged by the Securities Exchange Commission1 “with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects.” The company is alleged to have moved revenues between quarters to deceive investors. The SEC has accepted a $9 million settlement.

If you have been affected by financial fraud, fiduciary malfeasance, or are under investigation by the SEC or FINRA, speak with an attorney at the Warren Law Group today for a free assessment of your case: (866) WLGROUP, or email info@warren.law.

1 – https://finance.yahoo.com/news/under-armour-settle-sec-inquiry-215843364.html

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